Dear Timeshare Owners,
We hope that this communication finds you all well.
Since the annual meeting at the end of March this year and the intentions subsequently made clear by owners regarding future occupancy after the break year option, your committee and St Mellion management have been discussing ways to ensure the viability of the timeshare scheme at St Mellion.
As you know timeshare ownership has steadily declined over the last few years. To give you some context in 2021 there were 370 owners, dropping to 258 owners in 2022. In 2023 there is a break year option, with many Owners’ opting to surrender their lodges, the number of remaining Timeshare Owners stands at 131 from the 1st April 2024.
After updating the committee, workable solutions were discussed to ensure the longevity of timeshare. After analyzing the occupancy grid for 2024/2025 It is not feasible to maintain 10 lodges divided by 131 owners.
The committee proposed the following timeshare owned lodges are retained as part of the consolidation process, 1 through 5 and 7, these lodges have the highest occupancy throughout the year. Lodges 6,8,9 and 35 to be returned to the hotel. It has been agreed that owners currently occupying Lodges 9 and 35 will continue to pay their annual maintenance fee based on a 1-bed lodge.
With consolidation agreed as the only viable option. Your support is invaluable at this crucial time. All of us have worked incredibly hard to limit the impact, maximizing the benefits for all. This will mean a handful of timeshare owners will need to change weeks, but everyone will be in a similar or larger lodge at no extra cost.
For those owners affected by the proposed changes a representative from St Mellion will contact them directly to discuss options available to them.
Please find attached St Mellion Property Management Lodge Consolidation Forecast up to 2026, the projected outlook is based on retaining 5, 6 and 7 Lodges. The occupancy grid is a visual representation of remaining timeshare owners and current placements.
Yours sincerely,
Matt Pressman Resort Director
Andy Martin Chairman of SMTOA